Save Article

Transcript: WSJ Interview With San Francisco Fed’s John Williams

Official talks about his outlook for the economy and monetary policy, the Fed’s inflation target, and leadership changes at the central bank

Updated Dec. 18, 2017 4:12 p.m. ET

Federal Reserve Bank of San Francisco President John Williams was interviewed by The Wall Street Journal’s Michael S. Derby on Friday, Dec. 15, 2017, at Mr. Williams’s bank. The official discussed his outlook for the economy and monetary policy, the U.S. central bank’s inflation target, and leadership changes at the Fed, among other issues. Here is a transcript of the exchange, lightly edited for length and clarity.

MICHAEL DERBY: I guess given that we’ve had our last [interest-rate-setting Federal Open Market Committee] meeting...